Apollo Global Management, Inc. (NYSE:APO) Shares Bought by Todd Asset Management LLC

Todd Asset Management LLC grew its stake in Apollo Global Management, Inc. (NYSE:APO) by 144.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 247,812 shares of the financial services provider’s stock after buying an additional 146,373 shares during the period. Todd Asset Management LLC’s holdings in Apollo Global Management were worth $23,094,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC increased its position in shares of Apollo Global Management by 55.3% during the third quarter. SG Americas Securities LLC now owns 9,587 shares of the financial services provider’s stock worth $861,000 after purchasing an additional 3,415 shares in the last quarter. SVB Wealth LLC increased its position in Apollo Global Management by 3.1% during the third quarter. SVB Wealth LLC now owns 5,647 shares of the financial services provider’s stock worth $507,000 after buying an additional 171 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in Apollo Global Management by 3.9% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 35,215 shares of the financial services provider’s stock valued at $3,161,000 after buying an additional 1,334 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Apollo Global Management by 174.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 186,586 shares of the financial services provider’s stock valued at $16,748,000 after acquiring an additional 118,587 shares during the period. Finally, Raymond James & Associates grew its position in shares of Apollo Global Management by 2.0% during the third quarter. Raymond James & Associates now owns 1,036,671 shares of the financial services provider’s stock worth $93,052,000 after acquiring an additional 20,348 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Martin Kelly sold 14,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $109.09, for a total value of $1,527,260.00. Following the sale, the chief financial officer now directly owns 366,572 shares in the company, valued at approximately $39,989,339.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Apollo Global Management news, insider Leon D. Black sold 500,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $111.44, for a total value of $55,720,000.00. Following the transaction, the insider now directly owns 44,104,773 shares in the company, valued at approximately $4,915,035,903.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Martin Kelly sold 14,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $109.09, for a total transaction of $1,527,260.00. Following the sale, the chief financial officer now owns 366,572 shares in the company, valued at approximately $39,989,339.48. The disclosure for this sale can be found here. Insiders sold a total of 1,426,000 shares of company stock worth $158,226,960 over the last 90 days. 8.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

APO has been the subject of a number of recent research reports. Citigroup increased their price target on shares of Apollo Global Management from $111.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. JMP Securities restated a “market perform” rating on shares of Apollo Global Management in a research report on Tuesday, April 9th. BMO Capital Markets upped their price objective on Apollo Global Management from $111.00 to $122.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Keefe, Bruyette & Woods lifted their target price on Apollo Global Management from $122.00 to $131.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Finally, Morgan Stanley upped their price target on Apollo Global Management from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.31.

Apollo Global Management Price Performance

APO stock traded down $2.61 during trading on Friday, reaching $109.46. 3,300,741 shares of the company were exchanged, compared to its average volume of 2,078,355. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.54 and a current ratio of 1.54. The stock’s 50 day moving average price is $111.11 and its 200 day moving average price is $100.05. Apollo Global Management, Inc. has a 52-week low of $57.50 and a 52-week high of $117.15. The company has a market cap of $62.19 billion, a P/E ratio of 12.12, a PEG ratio of 0.92 and a beta of 1.61.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.75 EPS for the quarter, topping the consensus estimate of $1.64 by $0.11. The business had revenue of $795.00 million for the quarter, compared to analyst estimates of $823.27 million. Apollo Global Management had a return on equity of 20.77% and a net margin of 16.27%. As a group, analysts predict that Apollo Global Management, Inc. will post 7.43 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a $0.463 dividend. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.85 annualized dividend and a yield of 1.69%. Apollo Global Management’s dividend payout ratio is 19.05%.

About Apollo Global Management

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.